Popular Analyst Sets Bottom for Bitcoin: Then the Bulls Will Run!
Popular crypto analyst Michaël van de Poppe is talking about a bull run for Bitcoin (BTC) that will last at least two years. However, he says that there will be some “final corrections” before that.
Bitcoin price prediction: Recent corrections and then 2-year bull!
Few analysts say that the six-month BTC price consolidation is over. However, according to Van de Poppe, the end of one of the most frustrating periods in Bitcoin history is very close. In this context, the analyst makes the following statement:
Liquidity has been taken and Bitcoin has returned to $54.8 thousand. We expect a maximum of $55.5 thousand in this run and then we can revisit $53 thousand before clearly breaking upwards. Recent corrections and then 2-year bull.
We can also see that there has been a significant correction in the markets and that it is about to end. Just as the correction in 2019 fell to $6,000, it is likely that Bitcoin will fall to $45-50,000. From this perspective, with the FED's upcoming interest rate cuts, the weakening economy and increasing global liquidity in China, it seems almost inevitable that we are on the verge of the biggest bull cycle ever.
In short, they will liquidate futures traders for a while longer. Those who say they made a lot of money from futures transactions will soon tell how much money they lost. We will most likely read more news about suicide cases. I made my spot investment and am waiting patiently. I am not chasing the ones who fly or run away. I am not selling even if I am at a loss.
